Posts From CIOL Bureau

Satyam Info acquires Net portal IndiaWorld

By : CIOL Bureau

Satyam Infoway will acquire IndiaWorld Communications for Rs 499 crore, considered to be the first ever acquisition of an Internet business in the country in an all-cash deal.

Infosys announces 2:1 stock split

By : CIOL Bureau

Infosys Technologies has announced on that it would split its equity shares at the ratio of 2:1.

K7 discovers new virus

By : CIOL Bureau

The Chennai-based K7 Computing has claimed that it has discovered a new virus called “Fix2001,” which comes as a 12-Kb “Fix2001.Exe” file attached to an email message, with the subject “Internet Problem year 2000”.

‘Date Hound’ from Linc to spot Y2K problems

By : CIOL Bureau

Linc Software has come up with a software analysis tool that identifies Y2K problems. The “Date Hound” acts like a “sniffer dog”, spotting problems likely to arise as the year ends.

Russian engineers stake claim for fastest chip

By : CIOL Bureau

Russian computer engineers claim that they have developed a microprocessor that beats anything in the West.

HCL Infosystems launches mobile speech recognition solution

By : CIOL Bureau

HCL Infosystems Limited has launched a mobile speech recognition solution, Dragon NaturallySpeaking Mobile, a product of US-based Dragon Systems, Inc. with whom HCL Insys’ Frontline Division has a tie up for exclusive marketing and support alliance.

SISL restructures Software Engineering Centre

By : CIOL Bureau

Siemens Information Systems Limited has announced a plan to consolidate its Software Engineering Centre into a separate strategic business unit.

CADD to offer training in graphics and animation

By : CIOL Bureau

CADD Centre Training Services is setting up a fully owned division by the name of Colorgrafx & Multimedia to offer graphics and animation education.

Hunger for money brings them together

By : CIOL Bureau

It was the hunger for money that was all pervasive at the VC for IT 1999. A report on the two-day meet held in Mumbai on November 22 and 23.

SSI to acquire software companies

By : CIOL Bureau

SSI Ltd. announced that it will spend $15 million to acquire three more software companies focussing on industry verticals such as banking and finance, insurance and telecom.

Cognizant plans sweat equity offer in 2000

By : CIOL Bureau

Cognizant Technology Solutions Corporation has planned a sweat equity offer in the year 2000 for employees of its five subsidiaries across the world.

India to have 5.3 lakh Net connections by March 2000: IDC

By : CIOL Bureau

India will have a minimum of 5.3 lakh Internet connection by the end of the current fiscal year and over 13 lakh connections by March 2001, IDC has said.

HCL Technologies IPO creates history with total demand crossing Rs 20,000 cr.

By : CIOL Bureau

The HCL Tehnologies has created a record of sorts on Thursday when the total demand for the book built portion of its IPO went over Rs 20,000 crore.
the offer crossing Rs 20,000 crore. The portion was oversubsribed by 27 times.

Tektronix to expand support for high-end microprocessors

By : CIOL Bureau

Tektronix has announced that it would provide support to Motorola’s MPC7400 Power PC microprocessor with AltiVeca technology.

Cisco sees strong growth in Asia Pacific Internet market

By : CIOL Bureau

Cisco Systems, Inc. has reported 60% rise in revenues during the first fiscal quarter that ended on October 30, 1999 in the Asia Pacific region.

Novell fourth quarter revenue rises by 16%

By : CIOL Bureau

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NIIT Board approves ESOP Scheme

By : CIOL Bureau

The NIIT board has approved the ESOP Scheme for its global employees.The first phase of teh scheme will about one third of the employees.

iBook takes over as number one in retail notebooks

By : CIOL Bureau

Apple’s latest baby, the iBook notebook, is reported to be cleaning up at the retail cash register in the US.

Lawyers turn legal screws on Bill Gates & Co.

By : CIOL Bureau

Five more class action lawsuits were filed against Microsoft Tuesday, bringing the week’s total to seven, including three federal and four state cases.

ABN-Amro sees $300 billion Chip market in 2002

By : CIOL Bureau

The global semiconductor industry to grow by 25% in 2000, and 31% in 2001, before starting a cyclical decline in 2003, says analyst.